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2435 N Ashland Avenue, Chicago, IL 60614 (Sold on )

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  • The seller has accepted an offer on this property.

 $960,000

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  • 0 BedBeds
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  • TypeCommercial
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  • MLS# 12636515

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Property Description

Presenting a single-tenant Absolute NNN investment opportunity in the West Lincoln Park neighborhood of Chicago. The property is 100% occupied by Mpower Energy, a well-established independent retail supplier of electricity and natural gas. They have occupied the entire building since 2019. Mpower Energy will execute a new 5-year Absolute NNN lease with no landlord responsibilities upon closing. The lease will include 2% annual escalations, generating a stable and growing income stream. This building sits near the highly trafficked corner of Ashland Ave & Fullerton Ave on the West side of Lincoln Park seeing +27k vehicles daily. It is also located just 0.5 miles from the DePaul University campus and 0.75 miles from I-90. The property is zoned B3-2, which allows for commercial uses on the first floor and residential uses above, giving the property flexibility for any future potential uses. This offering represents a secure, long-term, passive investment in a highly desirable area of Chicago.


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Property Details 2435 N Ashland Avenue, Chicago, IL, 60614

General

  • MLS#: 12636515
  • Property Type: Commercial
  • Property Sub Type: Neighborhood Storefront
  • List Date: 05/02/2026
  • Year Built: 1889
  • Area: CHI - Lincoln Park
  • Township: Lake View
  • County: Cook

Interior Features

  • Flooring: Carpet

Structure

  • Stories: 2

Utilities

  • Cooling: Central Air
  • Water: Municipal Water

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